1-Global Impact

The virus will affect all countries and the stock and flow of both physical and financial assets. Budget deficits can accumulate into government debt, and account deficits into foreign debt. Households, businesses, governments, and countries will all face budget constraints as policies and countermeasures are devised and employed for long-term sustainability. It\’s an unpredictable and volatile situation that has the world\’s full attention and hopefully cooperation.

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